Media Releases

Media Releases

Budget hits the right notes

- The government continues to guide the economy in the right direction said the New Zealand Bankers’ Association today in response to Budget 2013. “The government’s prudent fiscal approach to the economy, underpinned by our strong and stable banking sector, is crucial to our continuing economic momentum in a still fragile global economy,” said New Zealand... Read more »
Media Releases

Cracking down on money laundering to combat serious crime

- Cracking down on money laundering is part of a global response to serious crime and terrorism. New Zealand banks are playing their part by implementing a new law which comes into force on 30 June 2013. Under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 all New Zealand banks have additional obligations to... Read more »
Media Releases

Skimming bust a reminder to be on guard

- This week’s sentencing of two Romanian fraudsters provides a useful reminder to be on guard when using your bank card. The convicted men were planning to set up skimming devices on ATMs in New Zealand, have been fined $1000 each and will be deported from the country. “While we would like to have seen a... Read more »
Media Releases

Bank customer satisfaction high – survey

- A public opinion survey has found a high level satisfaction among bank customers, the New Zealand Bankers’ Association revealed today. Eighty-two per cent of respondents were satisfied or very satisfied with their main bank, with only seven per cent dissatisfied or very dissatisfied. “This is a pleasing result which shows that banks are continuing to... Read more »
Media Releases

Westpac to chair New Zealand Bankers’ Association

- Westpac New Zealand chief executive Peter Clare has been elected chair of the New Zealand Bankers’ Association for 2013/14. ASB Bank chief executive Barbara Chapman was elected deputy chair. “I look forward to working with colleagues from across the industry,” said Peter Clare. “We have a strong and stable banking sector which invests in New... Read more »
Media Releases

Heartland Bank joins New Zealand Bankers’ Association

- Heartland Bank today joined the New Zealand Bankers’ Association, bringing the total number of the association’s member banks to 14. New Zealand Bankers’ Association chief executive Kirk Hope welcomed Heartland Bank. “We are pleased to have New Zealand’s newest bank join us. Having Heartland on board further demonstrates the diversity of our banking sector,” said... Read more »
Media Releases

Bankers’ Association welcomes interim Retirement Commissioner

- The New Zealand Bankers’ Association has today welcomed the appointment of interim Retirement Commissioner Diane Maxwell. “Diane brings a wealth of experience to the role from both the banking and regulatory sides of the financial sector,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Diane has great skills in strategic development and delivering financial... Read more »
Media Releases

Talk of legal action jumps the gun

- Talk of legal action today relating to bank fees fails to take into account differences between the New Zealand and Australian banking sectors. “Australian legislation around civil suits is very different from what we have in New Zealand. We are surprised the lawyers running this don’t appear to know about these differences. We also note... Read more »
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New Zealand banks strong, stable and safe

- New Zealand banks had another solid and stable year according to according to KPMG’s Financial Institutions Performance Survey for the 2012 financial year. “The survey shows our banks are among the best funded and regulated in the world, and fiercely competitive. That’s good for New Zealanders and our economy,” said New Zealand Bankers’ Association chief... Read more »
Media Releases

Telephone scam alert

- The New Zealand Bankers’ Association is urging the public to be on guard against a telephone scam. Scammers purporting to be from the New Zealand Bankers’ Association are phoning members of the public and saying they are investigating banks charging excessive fees and offering compensation to affected customers. They then ask people to provide their... Read more »